Canada's GDP rises 0.8 pct in October

2021-12-24 04:08

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OTTAWA, Dec. 23 (Xinhua) -- Canada's real gross domestic product (GDP) rose 0.8 percent in October, according to Statistics Canada on Thursday.

It came after a growth of 0.2 percent in September as broad-based increases across sectors contributed to the fifth consecutive monthly expansion.

Both goods-producing and services-producing industries were up 1.6 percent and 0.6 percent respectively, with 17 of 20 industrial sectors posting gains in October.

The manufacturing sector rebounded 1.8 percent in October, offsetting a 1.5 percent contraction in September, with both durable and non-durable goods manufacturing contributing to the growth.

Durable manufacturing grew 1.9 percent in October, led by a 9.3 percent rebound in transportation equipment manufacturing while non-durable manufacturing was up 1.7 percent.

Construction rose 1.6 percent in October, following four declines in the previous five months, as all forms of construction activity were up in the month.

Statistics Canada said advance information indicates that real GDP increased 0.3 percent in November.

Leading the growth were accommodation and food services, wholesale trade, construction and the arts and entertainment sectors, while the mining, quarrying, and oil and gas extraction sectors offset some of the gains.
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